India's June factory growth at 9-month low as inflation worries bite
Although inflation eased in May to 7.04% after touching an eight-year high of 7.79% in April, a meaningful decline is not seen anytime soon even as the Reserve Bank of India is expected to continue with aggressive rate hikes.
New orders and output grew at their weakest rate since September last year and firms hired at a slower pace in June. Pic; Pixabay